Part III

Item 10: Executive Compensation

The information contained on pages 7 through 13 of Applied Signal Technology, Inc.'s Proxy Statement dated January 25, 1995, with respect to executive compensation and transactions, is incorporated herein by reference.

Item 12: Security Ownership of Certain Beneficial Owners and Management

The information contained on pages 3 and 4 of Applied Signal Technology, Inc.'s Proxy Statement dated January 25, 1995, with respect to security ownership of certain beneficial owners and management, is incorporated herein by reference.

Item 13: Certain Relationships and Related Transactions

The information contained on page 9 of Applied Signal Technology, Inc.'s Proxy Statement dated January 25, 1995, with respect to certain relationships and related transactions, is incorporated herein by reference.